I am very grateful to the noble Baroness. If the house is built after 2009, it will not be covered. I believe this is a gap in the legislation. When we were both in the other place, I visited the noble Baroness’s constituency, which was very heavily flooded in 2009. I was aghast by the number of people who could not even insure their properties for contents if they were tenants, because of the cost of that insurance. So this provision is very important indeed. I hope that my noble friend looks very kindly on Amendment 312K, to which I intend to return at a later stage.
Finally, I lend my very strong support to the other amendments in this group in the name of the noble Baroness, Lady Hayman of Ullock. She has prepared them very well and I think I know where they came from. Many of them are the unfinished business of the Pitt review of 2007 and many reflect the conclusions we reached in not just the reports of the Environment, Food and Rural Affairs Committee of the other place, which I had the honour to chair, but the recent reports of Bricks and Water and Bricks and Water 2, and the recommendations we are going to make in Bricks and Water 3. They are that building regulations can achieve a lot towards greater resilience to future floods in properties, but we need the data that the noble Baroness is asking for in these amendments.
I believe that flood mitigation should reduce insurance premiums, where actions have been taken to make the property more resilient. There is obviously a gap in the data available but, where that data exists, we must urge all organisations to share it. I entirely support the Flood Re scheme and Build Back Better. I would like to end with a tribute to the ABI and all the work that it has done since the Flood Re scheme was introduced. With those words, I beg to move.